The grand old man of Indian hospitality, Captain C P Krishnan Nair passed away at a private hospital in Mumbai on Saturday.
The grand old man of Indian hospitality industry, Captain C P Krishnan Nair on Thursday stepped down as the Chairman of Hotel Leelaventure, the company he founded in 1981.
The promoters who own the Leela brand will also be transferring the label to Brookfield for all hospitality businesses.
Excerpts from CNBC-TV18's exclusive interview with Sushil Gupta and Vivek Nair.
Hard hit by 9/11, the hotel industry in India has further registered a decline in revenue earnings by 15 per cent in view of the threat of US-Iraq war.
Leela Group has tied-up with Singapore-based Amman Resorts to build an up-market beach resort at Bekal in Kasargod district of Kerala, vice-chairman and managing director of the group, Vivek Nair, said on Friday.
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